1. A security may be registered in beneficiary form if the form is authorized by this
chapter or a similar statute of the state of any of the following:
a. The state of organization of the issuer or registering entity.
b. The state of location of the registering entity's principal office.
c. The state of location of the office of the entity's transfer agent or the office
of the entity making the registration.
d. The state of the address listed as the owner's at the time of registration.
2. A registration governed by the law of a jurisdiction in which this chapter or a
similar statute is not in force or was not in force when a registration in beneficiary
form was made is presumed to be valid and authorized as a matter of contract law.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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